Singapore flag carrier Singapore Airlines (SIA) has been in talks to buy around 20% of Korean low-cost carrier (LCC) Jeju Air in the lead up to its initial public offering (IPO) later this year. In a statement to the Singapore Stock Exchange, SIA confirmed “that discussions have taken place on a possible equity investment in [Jeju Air].” SIA added that further public announcements could be on the way. The deal would give SIA Group considerably more access to the expanding ...

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